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The opposite, surely.

If there's no market for old hardware, there's no benefit to making new products which hold their value.

When a company rents out equipment, the longer the equipment is usable, the more rent can be earned on it. So there is an incentive to have durable products when the income is on a subscription basis.

It could be even more profitable to do a subscription with a "swap your old one for a new one for a big discount" on a regular basis.

Nah. They'll sell you cheaply made crap for $80 along with a subscription for $10/mo then sell you slightly better cheaply made crap for $105 a year down the road and bump the sub to $12/mo for the 'increased functionality'.

Thats the point though isn't it, they dont sell it anymore.

So any gains in lifespan are reaped by the company, not consumer

Hopefully more durable products means less landfill and digging up the planet looking for more raw materials. This ultimately benefits everybody.

As long as there are competing suppliers (not colluding), they would compete to sell at lowest price.